Venture Capitalists News Hubb
Advertisement Banner
  • Home
  • Venture Capital Market
  • Venture Capital Funding
  • Contact
No Result
View All Result
  • Home
  • Venture Capital Market
  • Venture Capital Funding
  • Contact
No Result
View All Result
Venture Capitalists News Hubb
No Result
View All Result
Home Venture Capital Funding

NFT Backers Paid Up to $200 in Gas Fees in Delayed Blur Airdrop

admin by admin
February 14, 2023
in Venture Capital Funding


Ethereum NFT pro traders can now claim their delayed airdrop of BLUR tokens.

Some traders paid as much as $200 in gwei gas fees for a long-awaited airdrop of BLUR on Tuesday, according to Blockworks research.

Blur has been gaining traction since its launch in October last year. Rivaling OpenSea, it is currently the largest NFT marketplace by trading volume — and has the second-highest number of daily active users.

.@blur_io is launching its token and I know many are curious about how it stacks up to the competition, so here is 𝗕𝗹𝘂𝗿 𝗩𝗦 𝗢𝗽𝗲𝗻𝗦𝗲𝗮 & 𝗚𝗲𝗺 📊

Dashboard: https://t.co/yPbPkHn08h pic.twitter.com/2CK4CFMFYP

— hildobby (@hildobby_) February 14, 2023

Blockworks research analyst 0xpibblez said the airdrop was “a very eventful day on Ethereum, sending gas prices towards nearly 1500 GWEI.”

Traders on Tuesday were able to sell BLUR for $5 a token, according to 0xpibblez — a ten-fold multiple on its $0.50 on-chain price.

“Many speculators raced to arbitrage BLUR price differences on centralized exchanges,” 0xpibblez said.

Beyond its core NFT marketplace functionality, Blur is also a marketplace aggregator, which allows users to browse NFTs across multiple platforms simultaneously.

Since its launch, the platform has been providing incentives for traders in the form of airdrops.

Its first airdrop rewarded care packages, which could be exchanged for BLUR to NFT traders active in the bear market. Traders had to list an NFT on its platform to claim rewards.

Its second implemented a similar approach and rewarded users for listing NFT sales on Blur.

Tuesday marked Blur’s final airdrop and the launch of its native BLUR token, which saw one trader earning almost $2 million worth of tokens.

The big remaining question will be whether the platform can continue to sustain its high trading volumes.

“It will be interesting to see when BLUR governance goes live and how the holders will elect to give further utility to the token, whether that be through fee sharing or premium services,” 0xpibblez said.


Get the day’s top crypto news and insights delivered to your email every evening. Subscribe to Blockworks’ free newsletter now.

Want alpha sent directly to your inbox? Get degen trade ideas, governance updates, token performance, can’t-miss tweets and more from Blockworks Research’s Daily Debrief.

Can’t wait? Get our news the fastest way possible. Join us on Telegram and follow us on Google News.






Source link

Tags: BlurNFTs
Previous Post

CBSE prohibits use of ChatGPT in Class 10, 12 board exams

Next Post

RBI authorises 32 companies to act as online payment aggregators

Next Post

RBI authorises 32 companies to act as online payment aggregators

Recommended

Quona Capital announces $332M fintech venture fund for investments in emerging markets

5 months ago

Coinbase Cost-cutting Signals Shift in Focus, Analysts Say

3 months ago

Recap of Day 2 at TechSparks 2022

5 months ago

Galaxy Digital CEO Michael Novogratz ‘Angry’ About FTX

5 months ago

How’s Venture Capital Changing in 2023

1 month ago

Volatility Index Paints a Gloomy Picture for Bitcoin, Equities

4 months ago

© Venture CapitaLists News Hubb All rights reserved.

Use of these names, logos, and brands does not imply endorsement unless specified. By using this site, you agree to the Privacy Policy and Terms & Conditions.

Navigate Site

  • Home
  • Venture Capital Market
  • Venture Capital Funding
  • Contact

Newsletter Sign Up.

No Result
View All Result
  • Home
  • Venture Capital Market
  • Venture Capital Funding
  • Contact

© 2022 Venture Capitalists News Hubb All rights reserved.